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3-bed · 2,772 sqftKG Tower, Dubai Marina · 16th floor · completed 2007

1602, KG Tower

Sold prices and rental history: sold once, by the developer in December 2016, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 19 April 2024
Last soldAED 1.4M15 December 2016
Current rentAED 160K /yr19 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1602, KG Tower

What is 1602 worth today?

Last sold for AED 1,400,000 in 2016

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19 Apr 2024RentedRenewal
AED 160,000/yr12 months · AED 58 per sqft
19 Apr 2023RentedNew contract
AED 160,000/yr12 months · AED 58 per sqft
5 Apr 2022RentedNew contract
AED 130,000/yr12 months · AED 47 per sqft
1 Jan 2020RentedNew contract
AED 110,000/yr13 months · AED 40 per sqft
8 May 2018RentedRenewal
AED 192,500/yr12 months · AED 69 per sqft
15 Dec 2016Sold by developerReady
AED 1,400,000AED 505 per sqft
8 May 2016RentedRenewal
AED 192,500/yr12 months · AED 69 per sqft
8 May 2015RentedNew contract
AED 192,500/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 19 April 2024.

Key facts

Type
3-bed apartment
Size
2,772 sqft
Floor
16th of 18
Parking
37-38
Developer
KG Interntaional
Completed
2007
Service charge
AED 47,700 /yr
Last sold
AED 1.4M · December 2016
Building
KG Tower

About 1602, KG Tower

1602 is a three-bedroom apartment of 2,772 sqft on the 16th floor of KG Tower, a 18-storey tower in Dubai Marina completed in 2007 by KG Interntaional. The developer sold it on 15 December 2016 for AED 1,400,000, or AED 505 per sqft, in line with the AED 509 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 19 April 2024, is AED 160,000 a year: a gross yield of 11.4% on the 2016 price, before the service charge of about AED 47,700 a year.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical three-bed in KG Tower
2M3M20092013201720212025Typical sale price by year: 2009 AED 2,498,380; 2010 AED 2,240,544; 2011 AED 1,612,426; 2013 AED 1,968,268; 2014 AED 2,825,000; 2016 AED 1,600,000; 2024 AED 2,100,000Sold by developer, December 2016: AED 1,400,000 (AED 505 per sqft)

1602 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1602, each contractTypical three-bed in KG Tower
100K150K200K2013201720212025Typical rent by year: 2013 AED 155,000; 2014 AED 175,032; 2015 AED 162,500; 2016 AED 160,500; 2017 AED 147,528; 2018 AED 150,000; 2019 AED 115,000; 2020 AED 100,000; 2021 AED 102,250; 2022 AED 120,000; 2023 AED 128,200; 2024 AED 168,000; 2025 AED 178,500New contract, May 2014: AED 174,064 a yearNew contract, May 2015: AED 192,500 a yearRenewal, May 2016: AED 192,500 a yearRenewal, May 2018: AED 192,500 a yearNew contract, January 2020: AED 110,000 a yearNew contract, April 2022: AED 130,000 a yearNew contract, April 2023: AED 160,000 a yearRenewal, April 2024: AED 160,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in KG Tower, and where 1602 sits

All 31 3-beds →

1602 last sold in December 2016 at AED 505 per sqft, in line with what three-beds in KG Tower were fetching at the time (AED 509).

Recent 3-bed salesUnit no.Price (AED)Summary
26 May 20252,000,000
14 May 20253,000,000
17 Oct 20242,100,000
14 Oct 20242,400,000
0 3-bed sales in the last 12 months

KG Tower

Building

67 apartments, 2-bed to 4-bed over 18 floors in Dubai Marina, completed in 2007 by KG Interntaional. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 125K /yr
Typical yield
KG Tower, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 67 units in KG Tower
Value
16014-bedAED 5.5M · May 2009
16033-bedAED 2.4M · Oct 2024

1602, KG Tower in numbers

  • Sold once: by KG Interntaional on 15 December 2016 for AED 1,400,000, or AED 505 per sqft.
  • Rented since May 2014 on 8 Ejari contracts. The rent fell from AED 174,064 to AED 110,000 in 2020 and recovered to AED 160,000 by April 2024.
  • At AED 160,000 a year the gross yield on the 2016 price is 11.4%, before a service charge of about AED 47,700 a year (AED 17.22 per sqft).

Source: Dubai Land Department. Updated 19 April 2024.

Questions about 1602, KG Tower

What did unit 1602 last sell for?

AED 1,400,000 on 15 December 2016, sold by the developer: AED 505 per sqft for 2,772 sqft. It is the only registered sale of the unit.

What is the rent for unit 1602?

AED 160,000 a year on the contract renewed on 19 April 2024. The previous contract, from April 2023, was AED 160,000; the unit has been rented since May 2014.

How big is unit 1602?

2,772 sqft (257.5 sqm): a three-bedroom apartment on the 16th floor of a 18-storey tower completed in 2007.

What is unit 1602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1602, KG Tower

Starts from the last sale price (AED 1.4M, 15 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →